I've posted on the NZ election results (so far) and also on the German election
Both have impacted on currencies this morning. Posts so far for background ICYMI:
- German election: "German vote could doom Merkel-Macron deal on Europe"
- German and NZ election result updates (EUR and NZD updates too)
- Monday morning 25 September 2017, Forex prices - early indications
- New Zealand - Fonterra maintains its 2017/18 milk price forecast
- German election - Opposition leader Schultz harder line on Brexit
- New Zealand election update
- EUR, NZD both a touch lower after weekend elections
- More on the NZ election: "markets never like uncertainty"
OK ... for New Zealand ...
- National (incumbent Bill English) got the highest proportion of the vote
- Labour & Green parties got enough votes to make the Labour-Green-NZ First coalition a possibility
- Puts NZ First leader Peters in a strong negotiating position
Dates to watch:
7th October
- The final vote count is expected
12th October
- NZ First's Peters has previously indicated he will make a final decision by 12 October
- 12 October is the final date, Peters has said he decide 'well before', so that's something
So, that's potentially 3 weeks unless we get the early decision from Peters, New Zealand (and traders) will have to wait
In Australia we have a big ice-cream making firm called Peters. But I guess putting a picture of an ice cream is not relevant/appropriate so here is a pic of the man Winston Peters, leader of NZ Frist and a big winner from the NZ election.
